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BankruptBaby
Government Debt. Preparing and Preventing. Since 2009.
US National Debt $40,242,446,619,209 as of 2026-10-02

Sovereign Debt Risk Rankings

The Bankrupt Baby Risk Score rates each government from 0 (low risk) to 100 (severe risk), combining how much it owes, what that debt costs to service, its credit rating, inflation, and the strength of its currency. Click any country for its full credit report.

Look up a country:
#CountryRisk ScoreDebt / GDPInterest / Revenue RatingCPI YoYCurrency 1y
1 Japan 49 Elevated risk 218.5% — A+ -0.4% -6.9%
2 Mexico 46 Elevated risk 62.3% 20.0% BBB +5.6% +1.4%
3 United States 46 Elevated risk 136.8% 20.3% AA+ +4.5% base
4 Italy 41 Elevated risk 148.7% 9.4% BBB +1.2% -4.5%
5 Spain 30 Moderate risk 106.6% 6.5% A +2.9% -4.5%
6 France 29 Moderate risk 116.2% 4.2% AA- +0.8% -4.5%
7 Poland 28 Moderate risk 72.9% 5.2% A- +2.4% -7.2%
8 Belgium 27 Moderate risk 108.6% 4.5% AA +2.1% -4.5%
9 United Kingdom 26 Moderate risk 94.6% 8.3% AA +3.0% -1.7%
10 Canada 26 Moderate risk 118.8% 8.4% AAA +1.7% -2.0%
11 South Korea 17 Low risk 58.0% 5.3% AA +3.1% +4.6%
12 Germany 17 Low risk 62.8% 2.5% AAA +2.9% -4.5%
13 Australia 16 Low risk 73.6% 3.1% AAA +4.2% +5.4%
14 Sweden 15 Low risk 59.2% 1.1% AAA +0.3% -6.6%
15 Netherlands 14 Low risk 47.8% 1.7% AAA +2.8% -4.5%
16 Switzerland 12 Low risk 41.4% 0.9% AAA +0.1% -4.2%

Currency 1y: + means the currency gained against the US dollar. Data refreshed Oct 5, 2026.

How the score works

Each component is converted to 0–100 risk points on a fixed scale: at or better than the left-hand value it scores 0, at or worse than the right-hand value it scores 100, and in between it scales in a straight line. The scales are fixed rather than ranked against other countries, so a country's score only changes when its own numbers change.

ComponentWeight0 points at100 points at
Debt-to-GDP 25% 30% 250%
Interest-to-revenue 25% 0% 25%
Credit rating (S&P) 15% AAA B or below
Inflation (CPI YoY, gap from 2%) 15% 2% 10 pts from 2% (≥ 12% or ≤ −8%)
Currency, 1-year vs USD 10% +10% stronger −25% weaker
Debt trend (1-year change) 5% −5 pts of GDP +10 pts of GDP
Foreign-held share of debt 5% 0% 70%

Missing data: not every source covers every country (foreign-held debt, for example, is only available for the US and eight EU members). When a component is missing, it's left out and the remaining weights are scaled up to fill its share, so a country isn't penalized for a gap in the data. A score is only published when debt-to-GDP is available and at least 50% of the total weight could be calculated. Each country's report lists exactly which components were used.

Bands: 0–19 Low · 20–39 Moderate · 40–59 Elevated · 60–79 High · 80–100 Severe.

What it isn't: the score is our own transparent composite indicator for comparing countries at a glance. It is not a credit rating and doesn't capture everything that matters — reserve-currency status, central-bank backing, maturity profile and political risk all affect how much debt a country can carry. Japan, for instance, scores high on debt load but borrows almost entirely in its own currency from domestic savers.

Sources: OECD, World Bank, Eurostat, US Treasury, IMF, ECB via Frankfurter, BIS and national central banks; credit ratings are S&P long-term foreign-currency ratings entered manually, current as of 2026-08-10. Educational content only — not financial advice.